University of California, Irvine
Voluntary Separation Incentive Program Service and Severance Calculations
Professional and Support Staff and Management and Senior Professional Staff
Employment Service is calculated by full time equivalent months of UC employment. For the VSIP, the employment service calculation is based on the most recent date of hire without a break in service projected to the selected separation date. Employment prior to a break in service is not eligible. Employees with less than 100% full time appointments will have severance pay prorated accordingly. Severance Amount by Employee Group
Professional and Support Staff
Management and Senior Professional Staff
• 1 week pay per full year of service up to 16
weeks maximum
• 1 month pay for each full year of continuous service
up to 6 months maximum
Severance Calculations for Professional and Support Staff Calculation of Severance: Divide annual base salary (excluding stipends) as of selected separation date by the number of
working hours in a year, 2088. Multiply the hourly rate by 40 hours per week (if full time). Multiply the weekly amount by
the number of weeks of severance due based on eligible service.
Example - Employee base salary $40,000 with 12 years & 8 months service
Annual salary of $40,000 divided by 2,088 hours = $19.16 per hour
$19.16 X 40 hours = $766.40
$766.40 X 12 weeks = $9,196.80
(round to nearest dollar amount) = $9,197.
Severance payment: $9,197
Severance Calculations for Management and Senior Professional Staff Calculation of Severance: Divide annual base (excluding stipends) salary as of selected separation date by 12.
Multiple monthly salary by the number of months of severance due based on eligible service.
Example - Employee base salary $60,800 with 3 years & 3 months service
Annual salary of $60,800 divided by 12 = $5,066.67
$5,066.67 x 3 months = $15,200.01
(rounded
to the nearest
dollar amount) = $15,200.
Severance payment: $15,200
UC Irvine VSIP April 2009